In 2003, Turkey passed a law that allowed for the removal of six zeroes from the currency, and the creation of the new lira. It was introduced in 2005, replacing the previous lira. The word 'new' was removed on January 1, 2009.

The Lebanese pound (lira in Arabic, ليرة, or livre in French) is the currency unit of Lebanon. It is divided into 100 qirsh (Arabic, قرش) or piastres but inflation has eliminated the subdivisions. Before the war of 1975-1990, 1 U.S. dollar was worth 3 pounds. It is now pegged at 1 U.S. Dollar = 1507.5 LBP.